Sachet Packaging Market Size to Register Growth Around CAGR of 5.70% by 2032 – Report by Market Research Future (MRFR)
Sachet Packaging Market Research Report Information By Size (1ml – 20ml, 21ml – 30ml, and Above 30 ml), By Material (Plastic and Non-Plastic), By Application (Cosmetic and Personal Care, Food and Beverage, Pharmaceuticals, and Others), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2032
New York (US), May 10, 2023 (GLOBE NEWSWIRE) — Sachet Packaging Market Overview
According to a Comprehensive Research Report by Market Research Future (MRFR), “Sachet Packaging Market Research Report Information By Size, By Material, By Application, And By Region –Market Forecast Till 2032”, the Sachet Packaging market is projected to grow from USD 9.0 Billion in 2023 to USD 14.0 Billion by 2032, exhibiting a CAGR of 5.70% during the forecast period (2023 – 2032).
Market Scope
Small flexible sealed packets with three or four layers of wrapping are called sachets. These are produced using sachet packaging materials including cotton, metal, plastic, cellulosic, and non-plastic. These are a type of tiny packaging that is completely sealed on all sides and holds goods in liquid, powder, or capsule form.
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Competitive Dynamics
Key sachet packaging companies in the market include
- Amcor Plc
- ProAmpac Holdings LLC
- constantia flexibles
- Huhtamaki Group
- Sonoco Products Company
- Mondi Group
- Sealed Air
- coveris
- Clondalkin Group
- Syntegon Technology GmbH
Report Scope:
| Report Attribute | Details |
| Market Size in 2032 | USD 14.0 Billion |
| CAGR | 5.70% (2023-2032) |
| Base Year | 2022 |
| Forecast Period | 2023–2032 |
| Historical Data | 2023-2032 |
| Forecast Units | Value (USD billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Size, Material, Application, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Key Market Drivers | Augmenting demand for small-size and convenient packaging and Affordability of Sachets for Promotional Uses |
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Market USP:
Market Drivers
The primary market factors boosting market growth include the expanding middle class, shifting lifestyles, and rising need for economical and compact packaging solutions in the food and beverage, pharmaceutical, cosmetic, and personal care sectors. The increased need for small, sanitary, and useful packaging is fueling the growth of the global packaging business.
Given the strong demand and little product waste, sachet packaging is also cost-effective for packing and delivery operations. Additionally, given the significant rise in the usage of recyclable and sustainable materials for sachet production within the predicted timeframe, there is a lot of room for market development. The need for small-size packaging is further increased by the presence of significant market players and their focus on launching cutting-edge items. The market value is driven by the expanding need for portable and useful packaging solutions. The growing demand for sachet packaging from the food and beverage sector is another significant factor that is providing tremendous opportunities for market expansion during the expected timeframe.
As opposed to traditional packaging, sachet packaging is more affordable for both consumers and producers. Due to major improvements in pouch and sachet materials and equipment, a huge number of end users have appealing opportunities to adopt these goods and pull clients from low-income groups. Additionally, sachets are considered to be particularly cost-effective for sampling and advertising.
Market Limitations
The expansion of the sachet packaging market is constrained by the availability of substitutes including flexible packaging and stick packaging, tight government regulations regulating the use of non-plastic materials, and fluctuations in the price of raw materials.
COVID-19 Analysis
Due to the lockdown measures in the nations and the delays in manufacturing and production of sachet packaging, which are used in a variety of businesses for packaging, the COVID 19 outbreak has had an impact on the growth of the sachet packaging industry.
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Market Segmentation
Material Insights
Despite intolerance for its usage, plastic is a frequently used material type for sachet packaging since it is so widely used by manufacturers. Typically, PET is used as a barrier to provide strength. Because the layer may be printed, it is an essential part of brand advertising and marketing, making it the preferred material for sachet manufacturers. Polyethylene is anticipated to be the most widely used material for sachets because to its lightweight properties and stronger tensile strength when compared to other plastic materials. Comparing sachet packaging to conventional packaging, it is significantly more affordable for both producers and consumers. Owing to developments in sachet packaging machine and materials, end users can adopt sachet packaging for their products and attract low-income communities.
The 1 ml – 20 ml segment dominates the market because of the increasing consumer demand for single-dose application solutions, trial packs, and travel packs. These may be used to check out shampoo, sauces, condiments, spices, and other healthcare and cosmetic products, which is anticipated to promote market growth. The increased customer demand for convenience and ‘on-the-go’ adaptation of products has fueled the packaging ‘miniaturization’ trend, yet the sachet packaging format has primarily only been used for food and cosmetic & personal care items.
Application Insights
Many manufacturers of cosmetics and personal care products provide trial packs as a marketing strategy to boost a product’s market penetration. Plastic sachets are the most often used packaging type in the skincare business. The high growth of this market is being driven by deodorants and other products designed especially for newborns and children. The market for personal care and cosmetics is growing as a result of the rise in demand for men’s deodorants and skincare products.
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Regional Analysis:
The biggest share was maintained by the Asia Pacific sachet packaging market. The Fast-Moving Consumer Goods (FMCG) industry in India is expected to accelerate market growth, according to the India Brand Equity Foundation (IBEF), an initiative of the Ministry of Commerce & Industry of the Government of India. The primary FMCG sectors in India that contribute to the market’s stratospheric rise in the Asia Pacific region are food & drinks, healthcare, and household & personal care. Additionally, the Indian sachet packaging industry had the Asia-Pacific region’s fastest expanding market and China’s sachet packaging market had the greatest market share.
North America is the second-largest market for sachet packaging as a result of rising demand from several end-use industries and a big retail sector. Additionally, in the North American area, the U.S. paper sachet packaging industry had the biggest market share, while the Canada sachet packaging market had the quickest rate of growth.
Over the course of the projected period, it is expected that the Europe sachet packaging market will grow steadily. The region’s largest cosmetic sector is what is causing the regional market to grow. Additionally, the U.K. liquid sachet packaging market had the quickest rate of growth in the European area, while the German sachet packaging market had the biggest market share.
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